EBC Financial Group strengthens its global presence with full CIMA license, underscoring the group's commitment to strict global regulatory standards
EBC Financial Group – CIMA Full Regulatory License
EBC Financial Group's complete list of regulatory licenses
HONG KONG, March 28, 2024 (GLOBE NEWSWIRE) — EBC Financial Group (EBC Group or EBC) announces that its Cayman Islands subsidiary, EBC Financial Group (Cayman) Limited, has acquired the full authority of the Cayman Islands Monetary Authority. We are pleased to announce that we have been granted a (CIMA) license. This significant achievement marks a significant step forward in EBC's global regulatory portfolio, following existing accreditation from the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Within CIMA's strict regulatory framework, the EBC offers a more comprehensive range of financial services, including trusts, securities, futures and funds, specifically for individual investors, professionals, high net worth individuals and institutional investors. provide services.
The Cayman Islands is known as one of the world's leading offshore financial centers, home to 90% of the world's banks and over 85% of the world's hedge funds. CIMA, the Cayman Islands Monetary Authority, is known for its rigorous standards and comprehensive supervision that mirrors the UK legal framework. Rigorous disclosure, protection of customer funds, and compliance management requirements ensure the integrity and stability of the financial sector.
Fully licensed member of the global elite
Since its establishment, CIMA has only issued a limited number of fully regulated licenses. He has only passed audits of four companies in the past two years. EBC Group is one of the few companies to have achieved the coveted full regulatory license.
EBC Group has secured a full regulatory license following a rigorous investigation and has comprehensive permission to trade, arrange, manage and advise under CIMA's most stringent regulations, including the Securities Investment Business (SIB) framework. Granted to EBC Financial Group (Cayman) Limited. EBC complies with these requirements and ensures comprehensive security of investors' funds.
Prior to obtaining a full regulatory license from CIMA, EBC had two global regulatory licenses. EBC Financial Group (UK) Ltd is authorized and regulated by the UK Financial Conduct Authority (FCA). EBC Financial Group (Australia) Pty Ltd is authorized and regulated by the Australian Securities and Investments Commission (ASIC).
The full regulatory license issued by CIMA strengthens EBC's position as a world-class financial group, facilitates cross-jurisdictional asset allocation and provides more comprehensive framework support to expand global services. We provide
EBC Group holds a top-tier corporate banking account with Barclays, offering comparable financial security under a range of regulatory bodies. EBC Financial Group (UK) Limited strictly complies with the FCA's CASS Regulations and EBC Financial Group (Cayman) Limited strictly complies with CIMA's Customer Funds Protection Regulations. Customer funds are independently protected at Barclays UK and enjoy the same AAA level security protection.
Our goal:
EBC Group plans to explore new horizons and expand its diverse and innovative services globally. Looking forward, the EBC remains committed to its original purpose, strictly adhering to CIMA's high standards and ensuring that investors enjoy a compliant trading environment, thereby promoting industry trust and information transparency. We will build safer regulatory protection mechanisms to promote
For more information about EBC Financial Group, please visit https://www.ebc.com/.
About EBC Financial Group
Founded in London's prestigious financial district, EBC Financial Group (EBC) is renowned for its comprehensive suite of services including financial intermediation, asset management and comprehensive investment solutions. With strategic locations in prominent financial centers such as Sydney, Hong Kong, Tokyo, Singapore, Bangkok and Limassol, EBC caters to a diverse clientele of professionals, individuals and institutional investors around the world.
A multi-award winner, EBC takes pride in adhering to the highest ethical standards and international regulations. EBC Financial Group (UK) Limited is regulated by the Financial Conduct Authority (FCA) in the UK, EBC Financial Group (Australia) Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC) and EBC Financial Group (Cayman) Limited is regulated by the Financial Conduct Authority of Australia (FCA). Cayman Islands Monetary Authority (CIMA).
At the core of the EBC Group are experienced professionals with over 30 years of extensive experience in leading financial institutions and who have successfully navigated important economic cycles from the Plaza Accord to the 2015 Swiss Franc crisis. EBC champions a culture where integrity, respect and the security of client assets are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.
Media contact:
douglas chu
+6011 3196 6887
douglas.chew@ebc.com
Photos accompanying this announcement are available at:
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